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In the same year, Medellín was announced as the preferred corporate business destination in South America, and won the Verónica Rudge Urbanism Award conferred by Harvard University to the Urban Development Enterprise, mainly due to the North-Western Integral Development Project in the city.

The most recent survey on the global status of the Smart Cities by Indra Sistemas catalogs Medellín as one of the best cities to live in South America, sharing first place with Santiago de Chile, and alongside Barcelona and Lisbon in Europe.

At the beginning of the 21st century the city regained industrial dynamism, with the construction of the Medellín Metro commuter rail, liberalized development policies, improved security and improved education.

Researchers at the Overseas Development Institute have lauded the city as a pioneer of a post-Washington consensus "local development state" model of economic development.

Medellín is important to the region for its universities, academies, commerce, industry, science, health services, flower-growing and festivals.

In February 2013, the Urban Land Institute chose Medellín as the most innovative city in the world due to its recent advances in politics, education and social development.

), is the second-largest city in Colombia and the capital of the department of Antioquia.

It is located in the Aburrá Valley, a central region of the Andes Mountains in South America.

The valley and its Spanish settlement have gone by several names over the years, including Aburrá de los Yamesíes, "Valley of Saint Bartholomew", "Saint Lawrence of Aburrá", "Saint Lawrence of Aná", Villa de la Candelaria de Medellín, and finally "Medellín".

The name "Medellín" comes from Medellín, Spain, a small village in the Badajoz province of Extremadura.

His request was accepted on November 22, 1674, when the Regent Mariana of Austria proclaimed the city's name to be Villa de Nuestra Señora de Medellín.